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A corporation recently sold zero - coupon $ 8 0 0 bonds maturing in 4 years with an annual yield of 8 % . Find

A corporation recently sold zero-coupon $800 bonds maturing in 4 years with an annual yield of 8%. Find the price. [Hint: The price is the present value of $8004 years from now at the stated interest rate.](Round your answer to the nearest cent.)

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